Money Management

Money management is all about managing money at the blackjack tables, and it is almost as important as playing to a proper strategy. We can offer you one money management tip that will, if you stick with it religiously, dramatically increase your chance of leaving the table with a profit.

And what is this remarkable money management tip? We can summarise it in just three words – Pocket Your Winnings. That’s right. Start by taking chips off the felt as you win so that you only continue playing with the same size bankroll that you brought to the table in the first place. Once your initial bankroll is lost, count your pocketed winnings and continue playing with only half of your net win (your winnings less your original bankroll), or better yet, leave with all of the profit intact.

For example, if your bankroll for a given session were £200, you would pocket all of your winnings and continue to play with the original £200. Once the £200 is gone, check your winnings. If they were £300, you should play with only with half of the surplus, which is £50 (that is: £300 minus £200 = £100, half of which is £50). You can then repeat this money management strategy with the assumption that your bankroll is now £50. Many players don’t even do that. Instead, they take the view that a 50% return on their money can’t be had even with a “can’t miss” stock pick.

This money management tip will in no way affect the house edge over your play in blackjack, nor does it guarantee that you will win more money. The casino’s built-in advantage in blackjack remains the same whether you apply this money management technique or not. 

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